https://www.taxtmi.com/caselaws?id=768246 The HC granted the petitioner's claim for interest on delayed income tax refunds for four assessment years. After acknowledging the respondents had processed refunds without interest, the court directed calculation of the interest amount, which was determined to be Rs. 5,87,739/-. The court expressed dissatisfaction with the tax authorities' repeated delays and failure to address the interest component despite clear directives. Emphasizing statutory obligations to compensate taxpayers for the time value of money, the court ordered payment within two weeks and disposed of the petition. en-us Tue, 01 Apr 2025 00:00:00 +0530 Thu, 03 Apr 2025 07:50:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768246 The HC granted the petitioner's claim for interest on delayed income tax refunds for four assessment years. After acknowledging the respondents had processed refunds without interest, the court directed calculation of the interest amount, which was determined to be Rs. 5,87,739/-. The court expressed dissatisfaction with the tax authorities' repeated delays and failure to address the interest component despite clear directives. Emphasizing statutory obligations to compensate taxpayers for the time value of money, the court ordered payment within two weeks and disposed of the petition. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768246